To ensure that minority-owned and women-owned businesses have a full and fair opportunity to compete in covered rail projects and contracts, and that the Federal Government does not subsidize discrimination in covered rail projects.

Establishes for the Federal Railroad Administration a program for disadvantaged business enterprises, that is, small business concerns owned or controlled by socially and economically disadvantaged individuals (including women).

Requires that at least 10% of federal funds for covered rail projects be expended on disadvantaged business enterprises.

Directs the Secretary of Transportation (DOT) to establish: (1) a unified certification program that lists disadvantaged business enterprises; (2) minimum uniform criteria for certifying small business concerns; and (3) minimum requirements for covered rail project federal funding recipients to report to the Secretary information on minority-owned and women-owned business awards, commitments, and achievements.